\begin{landscape}
\begin{ThreePartTable}
\begin{TableNotes}
\item[ ] Notes: Home production is the reference alternative. Bootstrap standard errors are listed below each coefficient in parentheses. Beliefs on labor market productivity are included in the expected utility of consumption term. Consumption is evaluated in terms of yearly consumption flow in 1996 dollars.  Missing majors are estimated to be science with probability 0.35. Missing GPAs are estimated to be $\leq2.5$ w.p. 0.48, 2.5--3.0 w.p. 0.21, 3.0--3.6 w.p. 0.19, and 3.6--4.0 w.p. 0.13. 

\medskip

Reference categories for multinomial variables are as follows: ``White'' for race/ethnicity, ``Born in 1984'' for birth year, ``Previous home production'' for previous decision, ``Not working'' for in-college work intensity, and ``L'' for each unobserved type.
\end{TableNotes}

\begin{longtable}{lcccccc}
\caption{Parameter Estimates of Static Choice Model}\\
\label{tab:Static Utility Estimates}\\
\toprule
Variable & 2-year & 4-year Sci & 4-year Non-Sci & Work PT & Work FT & White Collar \\ 
\midrule
\endfirsthead
\toprule
Variable & 2-year & 4-year Sci & 4-year Non-Sci & Work PT & Work FT & White Collar \\ 
\midrule
\endhead
\cmidrule{5-7}
\multicolumn{7}{r}{\textit{continued}}
\endfoot
\insertTableNotes
\endlastfoot
Constant & -2.887 & -5.653 & -4.181 & -1.848 & -1.034 & -2.280 \\ 
 & (0.146) & (0.252) & (0.166) & (0.103) & (0.107) & (0.241) \\ 
Black & -0.117 & 0.054 & 0.189 & -0.044 & -0.106 & 0.027 \\ 
 & (0.079) & (0.099) & (0.082) & (0.057) & (0.053) & (0.090) \\ 
Hispanic & 0.121 & -0.062 & -0.022 & -0.086 & 0.022 & 0.114 \\ 
 & (0.071) & (0.110) & (0.083) & (0.065) & (0.056) & (0.089) \\ 
HS Grades (z-score) & 0.191 & 0.839 & 0.591 & -0.029 & -0.052 & 0.099 \\ 
 & (0.032) & (0.048) & (0.033) & (0.027) & (0.022) & (0.034) \\ 
Parent graduated college & 0.485 & 0.948 & 0.871 & -0.033 & -0.331 & 0.532 \\ 
 & (0.064) & (0.091) & (0.068) & (0.055) & (0.042) & (0.093) \\ 
Born in 1980 & 0.052 & 0.040 & 0.079 & 0.196 & 0.244 & 0.402 \\ 
 & (0.090) & (0.139) & (0.103) & (0.076) & (0.062) & (0.107) \\ 
Born in 1981 & -0.095 & -0.135 & -0.015 & 0.190 & 0.190 & 0.299 \\ 
 & (0.088) & (0.123) & (0.093) & (0.065) & (0.058) & (0.112) \\ 
Born in 1982 & -0.105 & 0.205 & -0.166 & 0.181 & 0.125 & 0.282 \\ 
 & (0.088) & (0.125) & (0.092) & (0.066) & (0.061) & (0.113) \\ 
Born in 1983 & -0.053 & -0.029 & -0.024 & 0.117 & 0.018 & 0.165 \\ 
 & (0.083) & (0.121) & (0.087) & (0.064) & (0.057) & (0.108) \\ 
Family Income (\$10,000) & 0.017 & 0.054 & 0.063 & -0.029 & -0.013 & 0.006 \\ 
 & (0.008) & (0.009) & (0.008) & (0.006) & (0.005) & (0.009) \\ 
Age & -0.180 & -0.189 & -0.226 & -0.134 & -0.147 & 0.181 \\ 
 & (0.017) & (0.023) & (0.019) & (0.013) & (0.013) & (0.021) \\ 
Age squared & 0.005 & 0.002 & 0.001 & 0.001 & -0.004 & -0.004 \\ 
 & (0.001) & (0.002) & (0.001) & (0.001) & (0.001) & (0.001) \\ 
Experience & 0.016 & -0.116 & -0.017 & 0.303 & 0.383 & -0.042 \\ 
 & (0.038) & (0.060) & (0.042) & (0.024) & (0.017) & (0.029) \\ 
Experience squared & -0.006 & 0.016 & -0.002 & -0.019 & -0.012 & 0.003 \\ 
 & (0.003) & (0.004) & (0.003) & (0.002) & (0.001) & (0.002) \\ 
Years of college & -0.063 & 0.534 & 0.405 & 0.308 & 0.236 & 0.345 \\ 
 & (0.055) & (0.075) & (0.046) & (0.036) & (0.028) & (0.040) \\ 
Years of college squared & 0.021 & -0.015 & -0.009 & -0.024 & -0.004 & -0.034 \\ 
 & (0.007) & (0.008) & (0.005) & (0.004) & (0.003) & (0.004) \\ 
Prior academic ability & 0.846 & 2.429 & 2.020 &  &  &  \\ 
 & (0.110) & (0.290) & (0.137) &  &  &  \\ 
Accumulated debt (\$1,000) & -0.003 & -0.003 & 0.010 & -0.006 & 0.006 &  \\ 
 & (0.004) & (0.006) & (0.004) & (0.003) & (0.002) &  \\ 
Accumulated debt squared $\div 100$ & -0.011 & -0.010 & -0.007 & 0.005 & -0.005 &  \\ 
 & (0.002) & (0.004) & (0.003) & (0.002) & (0.001) &  \\ 
Non-grad $\times\mathbb{E}[u(\text{consumption})] \div 1,000$ & 1.183 & 1.183 & 1.183 & 1.183 & 1.183 &  \\ 
 & (0.199) & (0.199) & (0.199) & (0.199) & (0.199) &  \\ 
Previous high school & 1.009 & 2.803 & 1.845 & 1.157 & 0.873 & -0.501 \\ 
 & (0.107) & (0.183) & (0.120) & (0.093) & (0.085) & (0.216) \\ 
Previous 2-year college & 2.456 & 1.282 & 0.705 & 0.031 & 0.289 & 0.120 \\ 
 & (0.085) & (0.196) & (0.094) & (0.086) & (0.080) & (0.142) \\ 
Previous 4-year science & 1.267 & 4.782 & 2.159 & 0.701 & 0.398 & -0.159 \\ 
 & (0.172) & (0.170) & (0.132) & (0.117) & (0.093) & (0.156) \\ 
Previous 4-year non-science & -0.047 & 2.028 & 3.384 & 0.580 & 0.573 & 0.053 \\ 
 & (0.165) & (0.191) & (0.092) & (0.090) & (0.077) & (0.109) \\ 
Previous work part-time & 0.041 & 0.592 & 0.391 & 2.177 & 1.349 & -0.976 \\ 
 & (0.092) & (0.128) & (0.102) & (0.059) & (0.055) & (0.099) \\ 
Previous work full-time & 0.129 & 0.279 & 0.573 & 0.951 & 2.241 & -0.941 \\ 
 & (0.099) & (0.138) & (0.100) & (0.063) & (0.042) & (0.103) \\ 
Previous work white-collar & -0.040 & -0.590 & -0.164 & -1.278 & -1.465 & 2.683 \\ 
 & (0.164) & (0.243) & (0.161) & (0.088) & (0.080) & (0.185) \\ 
Currently work white-collar &  &  &  & -0.139 &  &  \\ 
 &  &  &  & (0.082) &  &  \\ 
Currently work part-time & 0.921 & -0.266 & -0.004 &  &  &  \\ 
 & (0.072) & (0.090) & (0.073) &  &  &  \\ 
Currently work full-time & -0.420 & -1.783 & -1.843 &  &  &  \\ 
 & (0.070) & (0.097) & (0.066) &  &  &  \\ 
Currently work part-time in white collar & -0.286 & 0.289 & 0.073 &  &  &  \\ 
 & (0.188) & (0.182) & (0.157) &  &  &  \\ 
Currently work full-time in white collar & -0.058 & 0.741 & 0.240 &  &  &  \\ 
 & (0.165) & (0.212) & (0.137) &  &  &  \\ 
Schooling ability type H & 0.209 & 1.274 & 0.750 & 0.004 & 0.013 & 0.002 \\ 
 & (0.067) & (0.097) & (0.069) & (0.046) & (0.040) & (0.086) \\ 
Schooling preference type H & 0.408 & 0.154 & 0.535 & -0.319 & -0.664 & -0.192 \\ 
 & (0.121) & (0.169) & (0.145) & (0.077) & (0.077) & (0.081) \\ 
Work motivation type H & 0.055 & 0.111 & 0.214 & -0.231 & 0.212 & 0.228 \\ 
 & (0.081) & (0.116) & (0.086) & (0.054) & (0.053) & (0.069) \\ 
College graduate &  &  &  & 0.485 & 0.953 & 0.667 \\ 
 &  &  &  & (0.216) & (0.213) & (0.169) \\ 
Black $\times$ col. grad. &  &  &  & 0.264 & -0.055 & 0.665 \\ 
 &  &  &  & (0.174) & (0.166) & (0.139) \\ 
Hispanic $\times$ col. grad. &  &  &  & -0.065 & -0.172 & -0.060 \\ 
 &  &  &  & (0.197) & (0.151) & (0.140) \\ 
HS Grades (z-score) $\times$ col. grad &  &  &  & -0.203 & -0.312 & 0.335 \\ 
 &  &  &  & (0.070) & (0.055) & (0.061) \\ 
Parent grad. col. $\times$ col. grad. &  &  &  & 0.363 & 0.429 & -0.584 \\ 
 &  &  &  & (0.130) & (0.103) & (0.105) \\ 
Born in 1980 $\times$ col. grad. &  &  &  & 0.153 & 0.455 & -1.102 \\ 
 &  &  &  & (0.197) & (0.150) & (0.137) \\ 
Born in 1981 $\times$ col. grad. &  &  &  & -0.100 & 0.202 & -0.766 \\ 
 &  &  &  & (0.200) & (0.143) & (0.152) \\ 
Born in 1982 $\times$ col. grad. &  &  &  & -0.826 & -0.137 & -0.758 \\ 
 &  &  &  & (0.213) & (0.153) & (0.155) \\ 
Born in 1983 $\times$ col. grad. &  &  &  & -0.690 & -0.184 & -0.524 \\ 
 &  &  &  & (0.193) & (0.143) & (0.169) \\ 
Family Income (\$10,000) $\times$ col. grad. &  &  &  & -0.024 & -0.033 & 0.037 \\ 
 &  &  &  & (0.010) & (0.010) & (0.012) \\ 
Col. grad $\times\mathbb{E}[u(\text{consumption})] \div 1,000$ &  &  &  & -0.169 & -0.169 &  \\ 
 &  &  &  & (0.233) & (0.233) &  \\ 
\midrule
Constant Relative Risk Aversion parameter ($\theta$) & \multicolumn{6}{c}{ 0.4} \\ 
Log likelihood & \multicolumn{6}{c}{-26,105} \\ 
Person-year obs. & \multicolumn{6}{c}{22,398} \\ 
\bottomrule
\end{longtable}
\end{ThreePartTable}
\end{landscape}
